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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Warehouses
2611 Henson Rd, Mount Vernon, WA 98273-9042
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0855269
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
20,000 SF
Lot
2.35 ac (102,366 SF)
APN
340429-3-020-0003
UPID
US90-0855269
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$2.87M
Owner & transaction history
Ww Properties Management LLC · 20 yrs held
Ww Properties Management LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+61.1%
Apartment house (5+ units)
$3.6M
+36.7%
Office building
$3.4M
+29.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,420,000
6.5%
$3,155,000
7%
$2,930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,615,000
Current use
RESTAURANT
$4,210,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,575,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$3,395,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,285,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$3,165,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,845,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,356
Tax year 2022
Assessed value
$2,603,100
Assessed 2021
Previous assessed
$2,603,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,007,700
Assessed improvement
$1,595,400
Land market value
$1,007,700
Improvement market value
$1,595,400
Total market value
$2,603,100
Applied tax rate
934.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Total area
20,000 SF
Lot
2.35 ac (102,366 SF)
APN
340429-3-020-0003
UPID
US90-0855269
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Lot
2.35 ac
Current owner
From public records · entity-resolved
Ww Properties Management LLC
Entity
Mailing address
14274 CHANNEL DR, LA CONNER, WA 98257-4729
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2005
—
Ww Properties Management LLC
Wells,paul S & Darcy G
Quit Claim Deed
related
—
Jul 15, 2004
—
Ww Properties LLC
Wells,paul S & Darcy G
Quit Claim Deed
related
—
—
—
Ww Properties Management LLC
—
Deed Of Trust
related
$690,000 · Key Bank & Trust
—
—
Wd Properties Management LLC
—
Deed Of Trust
related
$1,650,000 · Banner Bank
—
—
Ww Properties Management LLC
—
Deed Of Trust
related
$473,500 · Key Bank & Trust
—
—
Paul S Wells
—
Deed Of Trust
related
$1,499,000 · Whidbey Island Bank
—
—
Paul S Wells
—
Deed Of Trust
related
$761,000 · Evergreen Community Dev Assn
—
—
Paul S Wells
—
Deed Of Trust
related
$120,412 · Whidbey Island Bank
—
—
Paul S Wells
—
Deed Of Trust
related
$200,000 · Whidbey Island Bank
—
—
Ww Properties Management LLC
—
Deed Of Trust
related
$408,500 · Key Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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